TEMPUR SEALY INTERNATIONAL, INC. TPX Cash Flow

Tempur sealy international, inc. (TPX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:
Net income before non-controlling interests
59,800	46,100	73,200	41,500	28,600	12,200	41,400	21,200	22,800	45,800	41,200	21,700	32,000	49,400	76,600	20,000	39,000	65,700	40,900	21,000	25,000	47,200	37,500	-2,400	27,700	28,300	40,200	-2,100	12,500	23,500	-2,000	29,100	56,200	56,307	61,949	53,084	48,260	46,348	44,198	33,506	33,148
Loss from discontinued operations, net of tax
-1,200	-600	-2,400	2,000	-400	-6,900	-19,100	5,400	2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
23,200	23,000	23,200	22,000	21,500	21,900	23,400	21,000	20,800	20,600	20,400	20,100	19,600	18,100	18,300	18,400	17,600	71,400	18,300	18,800	17,800	18,600	17,600	20,200	19,900	22,100	21,100	20,200	11,200	9,400	9,300	8,900	8,700	8,960	8,750	8,249	8,341	8,530	8,164	8,121	7,585
Amortization of stock-based compensation
7,300	6,800	6,800	6,600	6,600	5,200	6,500	6,800	6,300	4,800	5,900	6,000	-3,400	900	4,700	4,500	6,100	22,500	4,700	7,700	4,000	4,000	4,000	1,300	4,100	3,100	5,600	4,700	3,500	2,000	-3,700	3,000	4,400	5,565	3,416	4,990	2,729	3,647	2,614	2,928	2,411
Non-cash lease expense
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
700	700	500	600	600	500	600	600	600	600	500	600	500	500	500	700	1,800	20,300	14,200	2,300	2,200	2,300	5,600	2,300	2,300	2,400	2,300	2,300	400	400	300	300	400	311	343	173	173	183	172	172	173
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,700	0	0	0	0	-	-	-	-	-	-	-	-
Bad debt expense
15,700	22,000	2,700	3,000	1,600	21,600	8,000	400	1,300	800	3,000	3,600	2,400	800	1,400	300	1,500	6,900	1,400	1,900	1,100	100	900	2,100	1,800	1,200	600	-1,000	500	800	400	1,300	0	315	148	467	670	-1,572	794	702	576
Deferred income taxes
3,000	-7,600	-8,300	10,600	-1,800	-3,200	11,600	-2,500	100	-44,000	-3,700	-8,100	-5,300	-15,400	-14,800	800	-1,700	-21,300	-6,700	-8,000	-6,700	-3,300	-6,900	-15,100	-1,900	7,300	-4,800	-10,100	-41,500	1,800	43,800	-1,600	-5,600	-8,020	653	-171	-962	2,296	1,329	-501	1,776
Dividends received from unconsolidated affiliates
0	600	10,500	1,000	1,300	1,800	9,300	2,100	1,600	2,600	5,200	2,200	1,300	3,500	3,700	1,500	2,100	9,100	1,100	0	1,900	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity income in earnings of unconsolidated affiliates
-200	5,500	3,900	3,600	2,900	6,100	3,800	3,800	3,900	5,000	3,500	4,400	2,700	4,700	2,400	3,400	2,800	11,900	2,000	3,400	3,000	2,700	1,800	2,100	1,700	2,100	1,000	1,100	200	0	0	0	0	-	-	-	-	-	-	-	-
Non-cash interest expense on 8.0% Sealy Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	-400	-1,800	-1,800	6,300	-1,900	-1,300	-1,300	8,900	-1,300	-1,300	-1,200	6,100	-1,100	-1,300	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-200	-500	-3,000	1,600	-300	-500	-300	-300	-200	-1,500	-400	-700	-100	-2,500	-1,400	300	-300	-200	-400	-200	0	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency adjustments and other
-600	-600	-500	-200	6,500	-300	-500	-1,000	3,900	800	2,800	-800	100	-1,100	300	-400	1,600	-5,500	-2,300	-2,300	-100	-1,700	0	0	-100	-100	700	-800	100	-200	-800	300	-1,100	-2,111	85	1,268	-442	77	2,573	-1,306	-844
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of business acquisitions
96,700	-	-49,900	44,200	44,800	-	-10,800	35,500	47,800	-	-59,200	32,900	-22,600	-	30,500	21,800	82,800	-	-55,600	37,100	50,200	-	-46,100	-46,300	55,400	-	-52,000	32,400	-14,200	-	-18,200	-1,200	20,600	-	315	19,835	3,044	-	28,356	880	-21,505
Net cash provided by operating activities from continuing operations
15,000	113,100	155,800	41,300	4,600	76,900	113,200	16,500	900	39,900	141,400	8,000	67,200	58,300	57,900	70,700	-18,800	234,200	132,100	7,500	-6,400	44,300	108,500	74,000	-1,600	-6,300	116,300	-16,700	5,200	36,300	67,100	41,900	44,600	69,721	75,029	48,225	55,725	44,386	71,892	44,502	23,320
Net Cash Provided by (Used in) Investing Activities [Abstract]
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from disposition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
26,200	26,300	22,000	20,800	19,100	17,800	15,300	18,700	21,800	23,500	17,200	13,000	12,900	20,000	17,600	11,700	12,600	65,900	17,100	18,600	15,400	17,200	13,400	9,100	7,800	11,600	9,100	13,700	5,600	12,100	17,800	14,000	6,600	10,659	6,743	6,883	5,215	5,770	5,632	9,456	-2,758
Acquisitions, net of cash acquired
37,900	0	0	17,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-92,600	1,265,500	600	2,200	1,700	0	-	-	-	-	-	-	-	-
Debtor-in-possession financing arrangement
0	-	-	-	9,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-100	-100	-4,700	-2,000	-8,300	-2,100	300	3,600	-4,200	0	0	0	-900	0	0	-200	200	1,000	-	-	0	-100	-4,100	1,300	800	1,000	1,200	-2,000	-100	0	0	0	0	20	10	2,141	-171	-	-	-	-
Net cash used in investing activities from continuing operations
-64,000	-26,200	-17,300	-26,400	-20,300	-15,700	-15,600	-22,300	-17,600	-23,500	-17,200	-13,000	-12,000	-20,000	-17,600	-11,500	-12,800	-59,700	-17,300	-11,500	-15,400	-17,100	-20,600	35,900	-8,600	-12,600	-10,300	80,900	-1,271,000	-12,700	-20,000	-15,700	-6,600	-10,713	-11,319	-9,024	-5,044	-6,326	-5,600	-22,816	-2,758
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from borrowings under long-term debt obligations
611,100	640,300	93,300	296,600	212,600	231,900	130,800	315,100	417,100	347,000	267,000	416,000	302,900	361,800	436,200	1,333,800	101,500	863,500	-	-	-	-	-	-	-	2,946,100	0	0	46,500	-284,500	39,000	214,000	31,500	-682,000	109,500	561,500	11,000	19,464	67,000	93,000	129,336
Repayments of borrowings under long-term debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	988,300	-	-	-	-	-	-	-	961,800	0	0	696,500	-220,000	71,000	97,500	51,500	-580,500	76,000	481,500	23,000	48,487	66,000	117,062	-33,749
Proceeds from borrowings under long-term debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	572,400	185,100	97,900	-	133,000	32,000	74,500	-	548,800	843,800	1,525,000	-	0	0	0	-	-	-	-	-	-	-	-
Repayments of borrowings under long-term debt obligations
231,000	-	168,700	311,100	198,700	-	224,900	303,000	394,800	-	378,800	414,100	331,800	-	428,900	1,143,400	87,000	-	662,900	212,700	98,800	-	263,600	102,600	66,500	-	632,500	902,500	24,100	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	375,000	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
1,300	5,000	7,300	3,100	2,400	400	1,600	700	1,900	6,300	4,600	1,800	100	500	9,200	3,000	3,000	20,400	6,200	8,900	1,600	400	400	1,800	1,700	2,700	500	1,300	4,200	800	500	2,800	7,300	1,881	2,033	5,669	16,717	6,585	2,545	11,162	8,308
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	3,000	1,800	1,200	21,800	5,000	14,700	0	100	100	600	900	1,700	200	1,000	2,500	800	0	1,000	8,700	1,244	3,823	6,180	7,953	2,318	669	1,324	1,289
Treasury stock repurchased
199,300	50,200	50,000	1,800	3,700	1,100	500	100	2,900	0	800	300	43,800	215,300	102,400	115,300	102,000	1,300	100	100	1,100	0	0	0	2,200	7,000	0	0	0	0	0	137,700	14,900	125,900	79,990	98,903	61,107	0	50,000	300,000	-100,000
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	-	-	-	-	-	-	-	0	100	400	51,500	2,200	0	100	0	-	-	-	-	-	-	-	-
Fees paid to lenders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Call premium on 2020 Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from purchase of treasury shares by CEO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of finance lease obligations and other
6,000	-1,800	-2,600	-1,800	-1,600	-1,400	-1,300	-1,600	-1,800	-1,100	-200	700	-3,400	-200	-300	0	400	-3,800	-900	-1,400	200	200	200	100	100	-300	-500	100	-300	-300	-200	-2,000	-300	-300	0	0	0	-	-	-	-
Net cash provided by financing activities from continuing operations
188,100	-78,400	-120,800	-15,000	11,000	-43,300	-94,300	11,100	19,500	5,400	-108,300	3,700	-76,000	-60,900	-83,600	42,300	-82,900	-90,700	-81,700	-5,500	-200	-48,600	-129,900	-68,100	8,500	-27,100	-83,600	-56,700	1,180,800	-400	-31,700	-19,500	-19,200	-46,583	-40,717	-13,163	-48,437	-21,720	-45,786	-44,078	5,184
Net cash provided by (used in) continuing operations
139,100	8,500	17,700	-100	-4,700	17,900	3,300	5,300	2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows
-1,100	-300	300	-1,300	-700	-6,800	-1,800	-5,200	-10,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing cash flows
0	0	0	0	0	2,300	-100	-100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows
0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in discontinued operations
-1,100	-300	300	-1,300	-700	-4,500	-1,900	-5,300	-10,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
-5,900	3,800	-3,400	100	-800	-1,000	-600	-1,900	400	-2,100	-2,200	-2,700	-2,400	2,400	-5,600	-700	-2,300	7,600	3,300	-100	4,500	2,100	2,300	0	400	400	2,800	2,400	-2,800	4,400	2,100	-6,500	3,800	-4,017	-6,717	1,341	3,493	-746	2,175	-663	-1,366
Increase (decrease) in cash and cash equivalents
132,100	12,000	14,600	-1,300	-6,200	12,400	800	-1,900	-7,400	100	3,300	-4,000	-23,200	-23,300	-48,900	100,800	-116,800	91,400	36,400	-9,600	-17,500	-19,300	-39,700	41,800	-1,300	-45,600	25,200	9,900	-87,800	27,600	17,500	200	22,600	8,408	16,276	27,379	5,737	15,594	22,681	-23,055	24,380
Supplemental cash flow information:
Cash paid during the period for:
Interest
6,400	35,500	7,600	37,800	8,100	37,800	8,700	37,600	7,700	36,000	7,600	36,400	6,600	34,400	4,500	31,100	5,400	66,500	8,500	23,000	10,100	23,600	11,700	25,900	12,300	26,200	13,600	37,200	15,100	25,200	4,400	3,800	3,700	61	2,966	2,739	2,234	3,592	3,611	3,355	3,042
Income taxes, net of refunds
6,300	33,800	4,800	27,600	7,600	10,500	4,100	8,500	9,400	35,600	7,100	25,900	11,200	24,100	16,800	21,800	18,600	94,900	6,400	23,800	34,400	25,200	9,800	11,100	10,200	63,300	33,099	-7,899	7,900	23,500	8,500	33,100	15,000	34,934	16,545	24,913	7,808	24,933	15,326	14,730	8,911